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1Q11 Company Financials: Orthopaedic and Spine

Alphatec Spine (pro forma)

$49.7MM, +5% (U.S. $33.8MM, +8%; International $15.8, -0.2%)

  • Strong demand/uptake for PureGen Osteoprogenitor Cell Allograft, 400 cases complete (existing and new customers)
  • OsseoFix, OsseoScrew and Helifix driving new relationships ex-U.S.
  • Commenced controlled U.S. launch of Solus ALIF, full launch expected 2H11
  • Acquired a company licensed to sell medical devices in Brazil

ArthroCare

$59.2MM, -7%

Sports Medicine $56.7MM, -6% (ex-U.S. +20%)
Other (includes Spine) $2.4MM, -16%

  • Ambient products represented ~10% of proprietary Sports Med Coblation product sales
  • Now anticipating 3Q11 launch for SpeedLock and SpeedFix labral repair products; delayed due to design modifications

Biomet (for fiscal 3Q11, ended 2/28/11)

$678MM, +2% (U.S. $412.4MM, flat; Europe $173.0, flat; International $92.6, +14%)

Reconstructive $516.2MM, +1% (U.S. -1%)

  • Hips flat (U.S. flat)
  • Knees -1% (U.S. -5%)
  • Extremities +18% (U.S. +25%)
  • Other -1% (U.S. -2%)

Fixation $58.5MM, -1% (U.S. -2%)
Spine $55.4MM, +1% (U.S. -1%)
Other $47.9MM, +14% (U.S. +11%)

  • Sports Medicine +21% (U.S. +16%)
  • Other +5% (U.S. +3%)

Recon

  • Launched Active Articulation E1 Dual Mobility Hip and Arcos Modular Femoral Revision System, will reload additional sets of Arcos instruments in 4Q
  • Showcased Oxford microplasty instrumentation system at AAOS, received excellent surgeon feedback and will roll out instruments and Oxford twin-peg femoral component in 4Q11
  • Cleared FDA Warning Letter relative to the Signature Personalized Patient Care System
  • Anticipates 4Q limited launch of Vanguard SSK 360 Revision (super-stabilized knee)
  • Expects to launch Signature program for Oxford in 2HFY12

Trauma and Spine

  • Increased craniomaxillofacial sales offset by decreased external fixation and electrical stimulation, with flat internal fixation sales
  • Spinal stim sales decreased
  • Released and placed 150 units of iQ Intelligent Delivery System, designed to increase speed of titanium screw insertion via cordless drilling, will delivery additional 100 in 4Q
  • Released Enclave spacer and Valiant Anterior Lumbar plate in U.S.

Other

  • Soft goods/bracing sales decreased, but demand grew for procedure-specific devices such as JuggerKnot Soft Anchor, ToggleLoc Femoral Fixation, Maxfire MarXmen Meniscal Repair

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